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SB0220

Financial institutions and consumer credit.

Latest bill text (Comm Sub) [PDF]

Summary

Financial institutions and consumer credit. Provides that a reference to federal law in: (1) the first lien mortgage lending act; (2) the Uniform Consumer Credit Code; or (3) the Indiana Code title governing financial institutions; is a reference to the law as in effect December 31, 2023 (rather than December 31, 2022, under current law). Amends Indiana Code provisions concerning accounting practices for credit unions to reflect a new accounting standard that replaces the allowance for loan and lease losses accounting methodology with the allowance for credit losses methodology, as required by the Financial Accounting Standards Board. Establishes a new chapter in the Indiana Code article containing general provisions with respect to financial institutions to require corporations (defined as certain financial institutions organized or reorganized under Indiana law) to notify the director of the department of financial institutions of a reportable cyber incident or notification incident in accordance with the same procedures required by the corporation's federal supervisory authority or federal insurer.

Authors

Authored by Senator Bassler

Roll Calls

2024-02-27HouseHouse - Third reading PASS
2024-01-23SenateSenate - Third reading PASS

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: House Enrolled2024-03-01 Click To View
Fiscal NoteFiscal Note #3: House Comm Sub2024-02-27 Click To View
Fiscal NoteFiscal Note #2: House Comm Sub2024-02-26 Click To View
Committee ReportSenate Committee Report2024-02-22 Click To View
Vote SheetVote Sheet February 22, 20242024-02-22 Click To View
Fiscal NoteFiscal Note #1: House Comm Sub2024-02-22 Click To View
Fiscal NoteFiscal Note #3: Senate Comm Sub2024-01-23 Click To View
Fiscal NoteFiscal Note #2: Senate Comm Sub2024-01-22 Click To View
Fiscal NoteFiscal Note #1: Senate Comm Sub2024-01-19 Click To View
Committee ReportSenate Committee Report2024-01-18 Click To View
Vote SheetVote Sheet January 17, 20242024-01-17 Click To View
Fiscal NoteFiscal Note #1: Introduced2024-01-09 Click To View

History

Date Chamber Action
2024-03-11SenatePublic Law 30
2024-03-11SenateSigned by the Governor
2024-03-08SenateSigned by the President of the Senate
2024-03-07HouseSigned by the Speaker
2024-03-04SenateSigned by the President Pro Tempore
2024-02-28HouseReturned to the Senate without amendments
2024-02-27HouseThird reading: passed; Roll Call 231: yeas 94, nays 0
2024-02-26HouseRepresentative Speedy added as cosponsor
2024-02-26HouseRepresentative Teshka added as sponsor
2024-02-26HouseRepresentative Speedy removed as sponsor
2024-02-26HouseSecond reading: ordered engrossed
2024-02-22HouseCommittee report: do pass, adopted
2024-02-06HouseFirst reading: referred to Committee on Financial Institutions
2024-01-24SenateReferred to the House
2024-01-23SenateSenator Baldwin added as coauthor
2024-01-23SenateHouse sponsor: Representative Speedy
2024-01-23SenateThird reading: passed; Roll Call 24: yeas 47, nays 1
2024-01-22SenateSenator Deery added as second author
2024-01-22SenateSecond reading: ordered engrossed
2024-01-18SenateCommittee report: amend do pass, adopted
2024-01-09SenateFirst reading: referred to Committee on Insurance and Financial Institutions
2024-01-09SenateAuthored by Senator Bassler